COE going downhill.

[onegoal]

I know of many cars advertise on sgcarmart for more than 2 months. But never sell. It's a mental game. If you don't buy, they will have no choice. So please refrain if you can holdback. I ever test drive a car. The mileage was 90,000. The car was 7yrs plus. I ask the dealer why so low mileage. Did you adjust the mileage. He said no. But i reply, you adjust. And i am the 1st interested party to test drive the car. He just mumble something..i also check the disc brake. The wear was pretty obvious. So i am very sure the mileage was adjusted. And this is a norm in the market.

 

[Yo2020]

if u bidded 70k and bids ends at 51k, u get COE and they will return u the difference.

who returns what?? no la, even if bids $100k, only $10k will b deducted upfront.

 

[Yo2020]

people put in bids and at the end everyone pays the highest bid amount. clear enough for you?

what talking u?? incorrect.

 

[Mr_Bean]

who returns what?? no la, even if bids $100k, only $10k will b deducted upfront.

u only have to pay for the price of the COE.
edit: ok there is a reserved price u have to submit. If your RP exceeds the COE value, u win the bid. U will only need to pay for the COE amount, any remaining value in your RP will be returned to you.

 

[Yo2020]

Used car need more maintenance
Tyres, Aircon etc

tyres?? tyres r wear n tear la. new tyres on new car can last 10 yrs meh? can last 3 yrs or 50k already good.

 

[Yo2020]

u only have to pay for the price of the COE.
edit: ok there is a reserved price u have to submit. If your RP exceeds the COE value, u win the bid. U will only need to pay for the COE amount, any remaining value in your RP will be returned to you.

no. there is no $ to return bcoz it was never paid in full!
if bids 70k or whatever amt, always only 10k (for cars) will b deducted upfront at ATM.
if eventually, the COE ended at 50k, would need to pay the other unpaid 40k during registration.

 

[Mr_Bean]

no. there is no $ to return bcoz it was never paid in full!
if bids 70k or whatever amt, always only 10k (for cars) will b deducted upfront at ATM.
if eventually, the COE ended at 50k, would need to pay the other unpaid 40k during registration.

thanks for clarifying, i always thought it was in full instead of just 10k.
it made more sense to be full payment upfront to deter bidders.

 

[parkingandride]

tyres?? tyres r wear n tear la. new tyres on new car can last 10 yrs meh? can last 3 yrs or 50k already good.

But i guess if u buy a brand new car, everything will brand new. Even wear and tear will be longer. If say u buy a 2yr old or 7 yr old car, chances are u need to replace parts sooner, be it wear and tear parts or not..

 

[relacker]

7yr plus 90k is low mileage ?

I know of many cars advertise on sgcarmart for more than 2 months. But never sell. It's a mental game. If you don't buy, they will have no choice. So please refrain if you can holdback. I ever test drive a car. The mileage was 90,000. The car was 7yrs plus. I ask the dealer why so low mileage. Did you adjust the mileage. He said no. But i reply, you adjust. And i am the 1st interested party to test drive the car. He just mumble something..i also check the disc brake. The wear was pretty obvious. So i am very sure the mileage was adjusted. And this is a norm in the market.

 

[Jwee85]

I know of many cars advertise on sgcarmart for more than 2 months. But never sell. It's a mental game. If you don't buy, they will have no choice. So please refrain if you can holdback. I ever test drive a car. The mileage was 90,000. The car was 7yrs plus. I ask the dealer why so low mileage. Did you adjust the mileage. He said no. But i reply, you adjust. And i am the 1st interested party to test drive the car. He just mumble something..i also check the disc brake. The wear was pretty obvious. So i am very sure the mileage was adjusted. And this is a norm in the market.

the dealer may be right that he did not adjust the mileage.
but a simple check with many authorised service center will reveal the true mileage, provided the car still got the original number plate(else need to provide the chassie number).

the mileage adjustment might be done at the polishing and preping stage, most dealers received the car after the prep. So the mileage is 'true' to them, so they are 'technically' not lying about not adjusting anything.

 

[Ethan_]

is actually almost the same le except that you can help to lower down the bid by abit.
you can bid 100k for it but end up paying like only 70k if the last person bid 69999.

So the current system is take the lowest bid as final payment?

 

[Ethan_]

But i guess if u buy a brand new car, everything will brand new. Even wear and tear will be longer. If say u buy a 2yr old or 7 yr old car, chances are u need to replace parts sooner, be it wear and tear parts or not..

Think a good gauge is 3 year and 5 year mark. Alot of cars some of the parts start to have problem once near the standard 3 year warranty end. So need to change quick before warranty end. Most can expect some sort of wear and tear when hit 5th year. Beyond that is depend on when each individual part wear to what extend give way first.

7yr plus 90k is low mileage ?

Somewhat, considering that think now alot average is 20k+ per year.

the dealer may be right that he did not adjust the mileage.
but a simple check with many authorised service center will reveal the true mileage, provided the car still got the original number plate(else need to provide the chassie number).

the mileage adjustment might be done at the polishing and preping stage, most dealers received the car after the prep. So the mileage is 'true' to them, so they are 'technically' not lying about not adjusting anything.

Even if adjust, most will not drop it drastically as it will become very obvious. If mileage too high, think many will adjust lower abit so as to make it look not so jialat.

 

[Ethan_]

I know of many cars advertise on sgcarmart for more than 2 months. But never sell. It's a mental game. If you don't buy, they will have no choice. So please refrain if you can holdback. I ever test drive a car. The mileage was 90,000. The car was 7yrs plus. I ask the dealer why so low mileage. Did you adjust the mileage. He said no. But i reply, you adjust. And i am the 1st interested party to test drive the car. He just mumble something..i also check the disc brake. The wear was pretty obvious. So i am very sure the mileage was adjusted. And this is a norm in the market.

Brake wear as in the disc or the brake pad? If latter, don't think good gauge as its a consumable which is often replace, where maybe the owner never replace when sold. Think need to take pointers from alot of places to get better gauge, e.g. can also look inside the engine and other hard to reach parts for sign of lots of usage (e.g. cover with dirt and grime, if owner never bother clean or flush) and see the car seat (if leather will have ageing lines if use alot, think). Some the dash board also can see diff with years.

 

[onegoal]

7yr plus 90k is low mileage ?

I have seen 7year old cars service only by authorise agents with full records. The Mileage is more than 200k. This is the norm.

90k is considered very low.

 

[jefefe]

hello, it was last announced in mid apr. where got say such thing 1?

LTA announces 42 percent increase in COE quotas for May - July period

i din read wrongly right?

"..Earlier today, the Land Transport Authority (LTA) has announced the COE quotas for the second quarter of 2014 covering from May until July..."

 

[Yo2020]

But i guess if u buy a brand new car, everything will brand new. Even wear and tear will be longer. If say u buy a 2yr old or 7 yr old car, chances are u need to replace parts sooner, be it wear and tear parts or not..

ppl buying 2nd hand cars shld accept the fact of replacing wear n tear parts (eg. tyres, brake pads) sooner or later. n this alone cannot b the reason to go for new car. that's what i meant.
also if scare of spending $ on wear n tear parts, then may hv to reconsider the thot of buying a car coz maintaining a car do need $.

 

[Yo2020]

i thought after July LTA will reduce the COE quota to May's level?

I thought will gradually increase till 2015? How come reduce?

this was what LTA said before they increasing the quota end May

hello, it was last announced in mid apr. where got say such thing 1?

LTA announces 42 percent increase in COE quotas for May - July period
i din read wrongly right?
"..Earlier today, the Land Transport Authority (LTA) has announced the COE quotas for the second quarter of 2014 covering from May until July..."

i was referring to the part that u claimed "after July LTA will reduce the COE quota to May's level" n u said it was mentioned by LTA.
so i said LTA where got say after Jul, the coe quota will drop. did LTA?

 

[arctician]

key question is so after july..e quota dropped..remain same or will increase?

 

[Yo2020]

key question is so after july..e quota dropped..remain same or will increase?

if dereg in Jun is abt the same as Apr n May, then the COE quota for Aug-Oct shall be:
Cat A: up 13%
Cat B: up 3%
Cat D: down 13% for bike!!
Open Cat: zero growth

 

[parkingandride]

ppl buying 2nd hand cars shld accept the fact of replacing wear n tear parts (eg. tyres, brake pads) sooner or later. n this alone cannot b the reason to go for new car. that's what i meant.
also if scare of spending $ on wear n tear parts, then may hv to reconsider the thot of buying a car coz maintaining a car do need $.

Nono. What i mean previously, 2nd hand car price are cheaper than new cars. Now 2nd hand car price are same or equal than new cars. E.g, new car 100k, 2 yr old car 80k..

In this case, obvious to go for new car rite ? I factor in cost of wear and tear to be at least 2k... if months ago where new car cost 120k, then i will go for 2nd hand at 80k... point is 2nd hand car price did not come down now...